Top 5 largest steel manufacturers in China in 2023
BlogDate: 08-09-2023 by: Nhu Quynh
With its colossal steel production capacity, China dominates the world steel market with more than 50% of global steel production. As the country with the most developed steel industry, many of the world's leading steel manufacturing enterprises are Chinese enterprises. Let's look at the 5 largest steel manufacturers in China in 2023 with MRS Steel.
Baosteel Group Corporation - The world's leading steel manufacturers
Baosteel, also known as Baowu Steel, was founded in 1978 and is headquartered in Pudong, Shanghai. After more than 30 years of development, Baosteel has become one of the world's leading steel manufacturers with the world's leading competitiveness and advanced level of manufacturing industry... With over 130,000 employees, Baosteel focuses on producing three main product groups: carbon steel, stainless steel, and special steel. Baosteel's products meet domestic demand and are now exported to over 40 countries and territories. Baosteel's products are widely applied to many industries, such as automobiles, household appliances, machinery, energy,...
Hebei Iron and Steel Group
Hesteel Iron and Steel Group (also known as HBIS) was founded in 2008 and is headquartered in Shijiazhuang, Hebei, China. With a capacity of 30 million tons per year, it is one of the major steel manufacturers in China. With outstanding competitiveness and production ability, HBIS is the world's third-largest steel producer after over 10 years of operation. HBIS mainly produces wire rods, cold-rolled plates, hot-rolled steel, bars, hot-rolled plates, vanadium oxide, galvanized plates, welded pipes, and other products based on the requirements. HBIS is also the world's second-largest producer of vanadium-titanium materials and a pioneer in ocean and steel engineering for bridge construction.
Jiangsu Shagang Group Company Limited
Jiangsu Shagang is one of China's top 5 steel manufacturers, established in 1975. After nearly 50 years of operation, Jiangsu Shagang has more than 45,000 employees. It produces about 18 million tons/year, and the main product line consists of rebar, wire rod, plate, and hot rolled coil. In addition, Jiangsu Shagang also manufactures stainless steel and galvanized steel sheets. Together with Baosteel and HBIS, Jiangsu Shagang also became the world's 4th largest steelmaking enterprise, contributing to the development of China's steel industry.
Angang Steel Company Limited
Angang Steel was merged into two companies, Anshan Iron and Steel Group and Pangpang Group Co., Ltd., in May 2010. Angang Steel is a state-owned steel producer under the supervision of the State Council of the People's Republic of China. It is also the second-largest steel manufacturer in China. Angang Steel's main products are billet, cold-rolled plate, color-painted plate, coil, thick plate, and heavy rail. With regular maintenance and modern equipment, Angang always produces high-quality products. Until now, Angang's products have been exported to more than 60 countries and regions worldwide.
Shougang Group Company Limited - China's oldest steel manufacturers
Shougang Steel Manufacturers was founded in 1919 and is headquartered in Beijing. Shougang represents the epitome of China's iron and steel industry. Shougang has developed into a large, cross-industry, transnational corporation but still takes the steel industry as its primary industry. Since 2014, Shougang has deepened reform and entered the stage of comprehensive development. The company's products are mainly auto sheet, electric steel, and tin plate. After 100 years of establishment and development, Shougang's products are not only favored by the domestic market but also by the foreign market.
Above is a list of five major steel factories in China in 2023. Hopefully, this list will be a valuable reference for those who require information about Chinese steel manufacturers. This list will still be updated continuously, so do not forget to follow MRS Steel to receive many other new and valuable pieces of information.
